Loading ...When have they ever told the truth?
Answer: Never — it’s all false promises.
Cheers
U think this is true?”Comex-approved warehouses in the north-eastern United States meantime report record levels of gold bar inventories,
[and if true does it have any influence on the current gold rally?]
Today’s gold news. It’s never a good time to be buying when demand has already – temporarily – spiked:
with stocks now including kilo and also 400-ounce London Good Delivery bars, as well as bars meeting the Comex’s 100-ounce specifications.
Trading volumes through London’s bullion market last month rose more than 85% from March 2019, according to figures shared with BullionVault by LBMA-i data providers Nasdaq.
Primarily vaulted in London, gold-backed ETF products needed some 3,165 tonnes of bullion by this time last week says data from the mining industry’s World Gold Council – a new record and 4.3% above end-February levels, driven by US investment demand.
In contrast, gold bullion bars landed in China – the world No.1 consumer market – today traded $20 below London quotes, as poor demand and ample supply conspired with a weak Yuan to extend Shanghai’s near-record discount.”
This is lousy action-June gold came all the way back, was up $8 to 1692 and was smacked for $13
& today silver is weak…no other mkt trades like gold…nothing is easy…most technical breakouts reversed for no macro reason etc etc
From Mr Copper Apr 7 @ 11.27
Still, traders say there’s too much risk and they’d rather stay away from the market altogether at the moment, which is also exacerbating the price divergence.
“You have a bunch of shell-shocked market makers who are literally hiding under their desks and do not and possibly can not make markets in any size, shape or form,” said David Govett, head of precious metals trading at Marex Spectron. “Hence we have the lack of liquidity, the small volumes and the wide spreads.”
This tells us that no-one new is long in Europe, if the mkts are that thin and trading so little….Vols have collapsed in the US on crimex as well…so we can probably assume the same for the Far East ……which suggests these mkts will be sleepers, where nothing much happens , then prices suddenly jump or fall.
Metals Guy
Very good video. I like how he puts it all together. We need more people like him in gov. so they can’t be ganged up on by the lap dogs. If I was in his state Id vote for him. This is a 101 for those who haven’t been informed or know somethings wrong but don’t know where it’s coming from.
Silver Train
The California Zephyr rolls along the
Truckee river in the Sierra Nevada mountains.
https://railpictures.net/photo/727710/